Cahill Ranked by Thomson as the Top Legal Advisor to Lead Arrangers in First Half of 2011
Cahill's bank lending practice continued to track activity in the U.S. leveraged loan market over the first half of 2011, earning Cahill the number one ranking by Thomson Reuters Loan Pricing Corporation as legal advisor to lead arrangers in leveraged loan transactions. Cahill lawyers participated in 57 deals that generated $63.9 billion in aggregate gross proceeds, capturing a 27% share of the U.S. leveraged loan market. The firm also ranked first by deal count and third by value as legal advisor to lead arrangers in M&A loan transactions, and ranked second by value and third by deal count in the overall leveraged loans category, representing borrower or arranger.
Cahill advised the arrangers in banking transactions that backed many of the buyouts and strategic combinations completed in the first half of 2011, including the buyouts of Del Monte Foods, Columbian Chemicals and Rural/Metro Corp., the acquisition of Massey Energy by Alpha Natural Resources and merger of Rock-Tenn and Smurfit-Stone Corp. Cahill also represented the arrangers in a $3 billion bank financing that partially funded the purchase price for the redemption of equity of Delphi Automotive held by GM and The PBGC.